Rare ‘Ocean Dream’ Diamond Sells for Record $17.3 Million at Christie’s

A rare 5.5-carat blue-green diamond known as the 'Ocean Dream' sold for $17.3 million at Christie’s Geneva jewelry sale, setting a record for a fancy vivid blue-green diamond at auction. The sale far exceeded its presale estimate of $9 million to $13 million after a 20-minute bidding battle. In other auction news, Sotheby’s New York sold over $433 million worth of art in its contemporary art sales, including 11 pieces from the Robert Mnuchin collection. Meanwhile, London’s Wellcome Collection agreed to return around 2,000 sacred Jain manuscripts to the Jain religious community under a new restitution framework, acknowledging they were acquired unethically. Several art fairs were announced, including Zero 10 curated by Trevor Paglen at Art Basel in Switzerland, CAN Art Fair Ibiza’s fifth edition, and Art-o-rama’s 20th edition in Marseille. Notable gallery news includes the bankruptcy and closure of French gallery Air de Paris after 36 years, and Carine Karam becoming director of Opera Gallery’s New York outpost. Hong Kong’s M+ and Paris’s Centre Pompidou announced a multi-year strategic alliance, and New York’s Frick Collection entered a three-year partnership with Louis Vuitton.

5 rising artists defined 2025

Artnet News published a roundup of five rising artist profiles that defined 2025, highlighting interviews with Alexandra Metcalf and Chase Hall. Metcalf, a British-American artist, blends 1960s psychedelia, 2000s pop music, and Victorian literature in her multimedia works, and debuted at Art Basel with London's Ginny on Frederick. Chase Hall, a painter who uses hot coffee on cotton, explores race and fatherhood, with a solo exhibition "Momma's Baby, Daddy's Maybe" at Galerie Eva Presenhuber in Vienna.

Wet Paint Does Frieze Week: The Dinosaur Dealer Downtown, David Zwirner Tribeca, and More Juicy Art-World Gossip

Artnet News' gossip column 'Wet Paint' covers the opening week of Frieze New York, beginning with the group show 'Statics of an Egg' at David Zwirner's newly renamed Tribeca gallery (formerly 52 Walker). Curated by Martin Germann, the exhibition features Japanese artists gathered by Yu Nishimura and Kenji Ide, with Nishimura's painting 'in waiting' highlighted. The column also reports on a private party at the River art-world hangout and a visit to Amanita gallery for 'A Land Before Time: Three Dinosaurs and a Gondola,' which includes a John Chamberlain sculpture. Notable attendees include artists Sasha Gordon, Olivia van Kuiken, Calvin Marcus, and Josh Smith, as well as dealers Marlene Zwirner and Matthew Brown.

paint drippings art industry news apr 28

This week's art industry roundup covers major developments across art fairs, auction houses, galleries, and museums. At Expo Chicago, emerging artist Auudi Dorsey sold her painting *Rumble* (2025) for $14,000 on opening day at Palo Gallery, while the fair featured 170 exhibitors including 20 from South Korea amid tariff concerns. Vienna Contemporary appointed Abaseh Mirvali as artistic advisor for 2025-2026. Sotheby's was selected by Barbara Gladstone's estate trustees to sell her collection, starting with a May 15 single-owner sale of 12 works estimated at over $12 million. Nine artworks from the Anne and Sid Bass collection head to Christie's New York, and Sotheby's secured a $70 million Alberto Giacometti sculpture for its May 13 evening sale. Philipp Kaiser departed Marian Goodman Gallery after six years. Customs backlogs from President Trump's import policy changes are causing shipping headaches, with DHL halting business-to-consumer shipments over $800 to the U.S. Air de Paris withdrew from Art Basel. Mexico City gallery OMR hired Agustina Ferreyra as director. Angelica Jopling is expanding her London gallery Incubator to New York. Alexander Gray Associates now represents Donald Moffett. In museums, the National Endowment for the Humanities, following DOGE staff cuts, is offering grants up to $600,000 for statues for Trump's National Garden of American Heroes. CCS Bard appointed Lauren Cornell as artistic director and Mariano Lopez Seoane as graduate program director. The New York Academy of Art named Paul R. Provost president. The Artists' Legacy Foundation appointed Daisy Murray Holman executive director. The Speed Art Museum named Diallo Simon-Ponte assistant curator. The Garage Museum of Contemporary Art in Moscow appointed Daria Kotova director. The Nasher Sculpture Center named Carlos Basualdo director. The Cultural Infrastructure Index reported a 17% drop in completed cultural projects in 2024.

art guide to paris art week basel

The Louvre was forced to close on Sunday after a daylight heist of jewelry that Napoleon III had given to his wife, Eugenie, an operation that took under 10 minutes. The incident has highlighted ongoing issues at the world's most-visited museum, including understaffing and a shortage of surveillance cameras, with commentators linking the problems to French political turmoil. Meanwhile, the fourth edition of Art Basel Paris is set to open at the Grand Palais, featuring 206 galleries (63 with locations in France), serving as the centerpiece of a packed Paris Art Week with exhibitions, public programs, and gallery events.

art basel air de paris

The French gallery Air de Paris has publicly withdrawn from Art Basel in Switzerland after being assigned a booth position its founders considered unfavorable. In an open letter, owners Florence Bonnefous and Edouard Merino stated they were offered a choice between their usual stand and a new one, only to have the rejected option imposed. The gallery, which has participated in Art Basel since 1999, accused the fair of prioritizing managerial efficiency over longstanding relationships. Art Basel defended its placement process, citing curatorial vision and logistical factors. Bonnefous, who served on the fair's selection committee, confirmed the gallery will still participate in Art Basel Paris in the fall.

Air de Paris, a Radical Stalwart of the French Gallery Scene, Is Closing

After 36 years and over 400 exhibitions, the radical Parisian gallery Air de Paris is closing due to bankruptcy. Co-founders Florence Bonnefous and Edouard Merino decided to shutter the gallery after its financial situation became fragile, compounded by Bonnefous's health issues (Chronic Obstructive Pulmonary Disease) and their refusal to adapt to the increasingly profit-driven, corporatist art market. The gallery's final show, titled “Oh What a Time,” in Romainville featured works by artists including Joseph Grigely, Amy Vogel, Allen Ruppersberg, Pierre Joseph, Mona Varichon, Pati Hill, Lily van der Stokker, and Trisha Donnelly.

The Slow Tomorrow at Air de Paris

Le lent demain at Air de Paris

The group exhibition "Le lent demain" (The Slow Tomorrow) was held at the Air de Paris gallery in Romainville from February 14 to March 21, 2026. Curated by Sebastián Quevedo Ramírez, it featured works by 17 artists, including Nicolas Aguirre, Devendra Banhart, and Hudinilson Jr., among others.

Announcement

Air de Paris, a highly influential Parisian gallery known for representing many of the most significant contemporary artists, has become one of the earliest supporters of Contemporary Art Daily's parent organization, Contemporary Art Library. The announcement, made by Contemporary Art Daily, highlights Air de Paris's pioneering role in elevating the gallerist's activities into a form of artistic expression, and positions the gallery as a model for the entire field.

Location, location, location: behind the Art Basel floor plan beef

Air de Paris, a veteran contemporary gallery that has exhibited at Art Basel since 1999, announced its withdrawal from the upcoming edition after a dispute over its assigned stand. Co-founders Florence Bonnefous and Edouard Merino made their exit public by posting emails online via Provence, a French publishing house, calling the stand assignment process “brutal and unfair.” Art Basel’s chief artistic officer Vincenzo de Bellis defended the decision, noting that 58 galleries had their stands moved this year due to the launch of a new section called Premiere and the need to improve visitor flow and aesthetic dialogue between exhibitors.